Shiba Inu Mega Whale Continues to Unwind Massive Position

A Shiba Inu mega whale has been steadily reducing its massive position in SHIB. The wallet, which acquired 1.03 quadrillion SHIB in 2020 for just 37.8 ETH (worth around $13,700 at the time), has now sold a cumulative 10.06 trillion SHIB worth about $66.6 million.

The whale's original acquisition made up roughly 17.4% of Shiba Inu's total supply. At SHIB's 2021 peak, this enormous position was worth as much as $9.1 billion. The whale has been gradually reducing its position over the years.

Despite the sale, the address still holds approximately 93.27 trillion SHIB. This represents more than 1.5% of SHIB's circulating supply, and is currently valued at around $478 million.